Gem Diamonds announces 7th diamond recovery of over 100 carats
Gem Diamonds Limited has announced the recovery of a 169 carat, top white colour Type IIa diamond from the Letšeng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world. This is the seventh diamond of over 100 carats recovered in 2018.
Recently, the company announced that that the exceptional quality 910 carat D colour Type IIa diamond recovered from the Letšeng mine in January 2018 achieved a price of US$40 million on tender in Antwerp on 12 March, 2018. Reflecting its significance, the diamond, which is the fifth largest gem quality diamond ever recovered, has been named The Lesotho Legend.
Clifford Elphick, Gem Diamonds' Chief Executive Officer, commented:
"We are delighted with the outcome of the sale of this iconic diamond, which demonstrates the exceptional quality of The Lesotho Legend itself, as well as reaffirming the unique quality of the Letšeng diamond production.“